As per section 23(4) of income tax act, If there are more than one residential houses, which are in the occupation of the owner for his residential purpose, then he may exercise an option to treat any one of the houses to be self-occupied. The other house(s) will be deemed to be let out and annual value of such house(s) will be determined as per Sec. 23(1)(a).
However, if the assessee has a "house property which consists of two or more residential units" and all such units are self occupied, the annual value of the entire house property shall be taken as nil as there is only one house property, though it has more than one residential units.
Kindly explain the meaning of "house property which consists of two or more residential units" .
Which type of residential house falls under above catogry ?
(Note : above mention section text is taken from tutorial posted on incometaxindia.gov.in)
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